KITCHENER, ON, June 17, 2019
/CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company")
(TSX: QTRH) (NASDAQ: QTRH) and its Board of Directors today
announced that Shaun McEwan, Chief
Financial Officer, will transition out of the Company in the coming
months to spend time with his family in advance of pursuing new
career opportunities early next year.
As a result, the Board has engaged a leading executive search
firm and commenced a process to recruit a new Chief Financial
Officer. Mr. McEwan has agreed to stay in his current role with
Quarterhill to the end of the calendar year to enable sufficient
time for a suitable candidate to be found and to support an orderly
transition.
Douglas Parker, President and
Chief Executive Officer, said: "Shaun has been our CFO for over a
decade. He has been a valued member of the management team and has
made a significant contribution to the success of the business.
Although we will miss Shaun, I am glad he is taking the time for
himself and his family and wish him all the best in his future
endeavors."
Shaun McEwan, Chief Financial
Officer, said: "I have been with Quarterhill and, prior to that,
WiLAN since 2008 and I have seen the Company through its
transformation from a pure play patent licensing business to an
aggregator of impressive technology companies. I have enjoyed
my time at the Company; however, I believe it is time to move to
the next part of my career. At this time, the Company is both
financially and operationally in a strong position. I am very
confident that Quarterhill will continue to deliver value for its
shareholders."
About Quarterhill
Quarterhill is focused on the
disciplined acquisition, management and growth of companies in
dedicated technology areas including, vertical market software and
solutions, intelligent industrial systems, and innovation and
licensing. Quarterhill's emphasis is on seeking out acquisition
opportunities at reasonable valuations that provide a foundation
for recurring revenues, predictable cash flows and margins,
profitable growth, intimate customer relationships and dedicated
management teams. Quarterhill is listed on the TSX and NASDAQ
under the symbol QTRH. For more information:
www.quarterhill.com.
All trademarks and brands mentioned in this release are the
property of their respective owners.
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SOURCE Quarterhill Inc.